Various stock indices ended the week with a decline, as an asset sell off resumed, despite Wednesday's rebound.
Lufthansa announced this week that the company expects to return to being profitable during this quarter.
On Thursday, the Chief Economist of the European Central Bank Philip Lane stated that the central bank is preparing for rate hikes.
At mid-day on Friday, the price for Natural Gas reached above the $9.00 level, which is the highest level since August 2008.
Intercontinental Exchange, which owns the New York Stock Exchange, announced this week that the company had increased quarterly profits due to higher trading volumes.
This week, the HSBC revealed that the bank expects the euro-dollar to reach parity by the fourth quarter of 2022.
On Thursday, the Czech National Bank surprised the markets by hiking interest rates by 0.75%. The event caused an immediate spike of the value of the Czech Koruna.
In April, manufacturing sector in Mexico experienced a consecutive 26th month of decline, as inflation continued to decrease demand.
Moderna revealed this week that the company expects higher coronavirus vaccine sales during the second part of 2022.
At 11:00 GMT, the Bank of England hiked its official interest rate from 0.75% up to 1.00%, which is a 13-year high level.
This week, Barrick Gold announced that due to increases in metal prices and profits the company would double its dividend.
During April, US factory activity slowed down to a new low level, as companies reported employee shortages.
In March, US trade deficit increased by 22.3% up to $109.8 billion. During the period imports surged 10.3% and exports increased by 5.6%.
On Wednesday, the US Federal Reserve hiked interest rates by 0.50%. Afterwards, the Chairman of the bank Jerome Powell hosted a press conference. Comments made by Powell that the bank is not considering 0.75% rate hikes caused a drop of the US Dollar.
On Wednesday, Airbus announced that the company would delay its new A321XLR jet release into 2024.
On Wednesday, at 18:00 GMT, the US Federal Reserve was set to hike interest rates. Market consensus forecasts signalled a 0.50% rate hike.
On Wednesday, crude oil prices surged, as the European Union proposed a ban of Russian oil imports.
This week, it was revealed that factory activity in Canada had decreased due to capacity constraints.
During the first half of the week's trading, global markets were preparing for the incoming US Federal Reserve Rate hike by moving to safe-haven assets.
This week, EU antitrust regulators announced that they would fine Apple for restricting access to the company's NFC chip technology.
On Monday, Alphabet urged second-highest EU court to dismiss a 1.49 billion Euro antitrust fine.
The Bank of Japan announced on Monday that inflation in Japan would remain persistent due to increases in fuel and food prices.
Reuters revealed this week that despite surging demand US natural gas production growth had slowed down due to lack of pipeline infrastructure.
Reuters revealed on Friday that the Chinese Purchasing Managers Index is set to reveal a steep decline in production activity in China.